SIDBI backing is a ‘huge stamp of credibility’ for Cedar Hill Capital: Sahil AnandSIDBI’s backing of Cedar Hill Capital’s fund marks a strong vote of confidence in its strategy of investing in AI-first enterprise FinTech,...
17 Aug, 2026, 12.17 PM IST
Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
07 Aug, 2026, 11.16 PM IST
Have foreign income or assets? AIS to soon show foreign assets and income details shared by foreign countriesThis is a CBDT order dated July 8, 2026 issued under Section 119 of the Income-tax Act, 1961. It is an administrative order that authorizes...
10 Jul, 2026, 10.43 AM IST
PPF interest rate for July-September 2026: Has government changed 7.1% rate? Here's what investors should knowPPF interest rate: The Finance Ministry has maintained the Public Provident Fund (PPF) interest rate at 7.10% for the July-September 2026 q...
02 Jul, 2026, 03.08 PM IST
PhonePe wallet inactivity fees do not affect bank accounts or UPI transactionsPhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notific...
20 Jun, 2026, 03.27 PM IST
India to use AI to protect consumers from money mule banking cyber fraud, announces Home Minister Amit ShahIndia will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the I...
13 May, 2026, 05.27 PM IST
PNB account holders beware! PSU bank set to close these accounts after April 15, 2026Punjab National Bank is warning account holders with inoperative accounts to complete their KYC by April 15, 2026. Failure to do so will re...
17 Mar, 2026, 05.20 PM IST
RBI issues new rules for activating inoperative bank accounts, unclaimed deposits: KYC via video, any branch of bank, business correspondentReserve Bank of India introduces new guidelines for inactive bank accounts. Customers can now update KYC at any branch. Video KYC option is...
12 Jun, 2025, 03.13 PM IST
RBI simplifies reactivation of dormant accounts; tightens norms to curb fraudsThe Reserve Bank of India (RBI) has relaxed the process for reactivating dormant accounts and increased norms to limit fraud in inoperative...
01 Jan, 2024, 08.34 PM IST
When your bank savings account can become dormant, how to revive itInterest credited by the bank on the account balance, as well as any charges deducted by the bank, are not considered as transactions.
10 Oct, 2023, 11.58 AM IST
Bank account suspended due to not updating KYC details? How to reactivate itRe-KYC is an periodic update on an individual's KYC status, which has to be conducted by every banks and other entities regulated by the Re...
09 Sep, 2023, 04.48 PM IST
What you should know about dormant securities trading accountsMany investors are known to open demat accounts to convert old paper securities, or to invest in an IPO and not transact on them.
09 May, 2016, 07.40 AM IST
Iran to India: Reactivate bank accounts with Indian banks, allow Iranian banks to open branchesFreed of international sanctions, Iran has asked India to reactivate its accounts with Indian banks and allow Iranian banks to open offices...
08 Feb, 2016, 04.51 PM IST
Multiple bank accounts may just be more pain than gainIndividuals end up with more accounts than needed when they switch jobs or opt for feature-rich accounts, without closing their existing on...
26 May, 2014, 10.59 AM IST
- ET in the Classroom: Freezing of Bank Accounts
What happens when bank accounts are frozen? ET explains the meaning of such an action and its impact.
15 Feb, 2013, 07.31 AM IST
- Banks can freeze an account that's unused for two years
If you don’t withdraw money or carry out any transaction from your account through the bank’s ATM, branch or website, for a period of more ...
11 Nov, 2010, 02.31 AM IST
- Sleeping on your a/c? You may end up paying more
If you don't carry out any transaction in your account, bank considers your a/c as inactive. So, visit your bank once in a while to save yo...
07 Aug, 2007, 11.15 AM IST